21
Dec
20:17
Fitch sees US prices moderating, solid demand continuing
Although solid supply and demand fundamentals are in place in the US market, Fitch Ratings expects steel prices to moderate next year.
In a report sent to Kallanish, the credit rating agency predicts the ongoing recovery in demand to continue in 2022. Automotive production rates are expected to return to pre-pandemic levels and spending in the non-residential construction markets is expected to grow in the new year.
Downside risks to demand mentioned by Fitch inc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous